4. Section 53 shall have effect as if:—E+W
(a)in subsection (1), at the beginning there were inserted the words “Subject to subsection (1A) below"; and
(b)after subsection (1), the following subsection were inserted—
“(1A) A basic credit approval for the financial year commencing on 1st April 1995 shall be issued as soon as reasonably practicable after 23rd November 1995.”.